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In this episode of Human Experience Elevated, host Daniel Litwin talks with Bill Budde, Vice President of Banking Strategy and Solutions at Hyosung, about the evolving threat of ATM card skimming. They discuss how skimming impacts both banks and consumers, and the importance of adopting advanced ATM security measures, new card technologies, and operational strategies to mitigate fraud. The conversation also covers proactive and reactive defenses, including the gradual elimination of magnetic stripes on cards and enhancing fraud detection mechanisms, to better secure financial transactions and maintain customer trust.
By Hyosung TNSIn this episode of Human Experience Elevated, host Daniel Litwin talks with Bill Budde, Vice President of Banking Strategy and Solutions at Hyosung, about the evolving threat of ATM card skimming. They discuss how skimming impacts both banks and consumers, and the importance of adopting advanced ATM security measures, new card technologies, and operational strategies to mitigate fraud. The conversation also covers proactive and reactive defenses, including the gradual elimination of magnetic stripes on cards and enhancing fraud detection mechanisms, to better secure financial transactions and maintain customer trust.